My dear Laud John. I expressed my interest by saying i would put in 1000. That was like a pledge should all be agreeable. No one expects an expression of interest to be binding at this stage. If they do...fool. I could be wrong, but i assume (never assume) the 25% was of the same mind. I didnt say the person (a few) asking about the asking price had expressed interest in investingLaudJohn wrote:Violet dear.
The person who questioned the asking price did not say they would invest.
You said you would invest before you questioned if it made profit.
The devil is in the detail.
The person who said they would invest 25% never questioned either asking price or profit, key components to buying a business, yet this person would likley control the business due to the shareholding stake.
I am not saying that a cooperative ownership structure is bad. I am invested into one in SHV, but the structure was determined (largely by me) before investment was sought and the structure was clearly defined and it was a small number of investors.
I was just pointing out that this is actually a decent sized investment and few pledged investors have asked questions that and experienced investor would ask and few have run successful bussiness like this in Cambodia. Hell from what I gather, although having been around for over two decades Sharkys could hardly be considered a successful business, if it was, why the asking price? And a group of disparate individuals think they can make a success of it as a committee?
Someone also asked for all the details, which were either referenced here or in the other sharky bar thread. I imagine people are waiting for those details to be posted on here.
I imagine all with any brains welcome your astute business sense....i will not mention the less than successful experiences you have...not worth it. You know i admire your mind in general when it comes to this shit....even if you are you
Anyway.... whatevs